U.S. memory chip stocks accelerated their dive, with San Disk falling 13%, SK Hynix falling 10%, and Seagate Technology falling more than 9%

U.S. memory chip stocks accelerated their dive, with San Disk falling 13%, SK Hynix falling 10%, and Seagate Technology falling more than 9%.

On the evening of July 15th, Beijing time, U.S. memory chip stocks opened lower. As of 22:37, the sector accelerated its dive, with the Philadelphia Semiconductor Index falling by more than 3%.

Among the popular stocks, SanDisk fell more than 13%, SK Hynix fell more than 10%, Seagate Technology fell more than 9%, Western Digital fell more than 8%, Micron Technology fell more than 7%, Intel fell more than 5%, AMD, ARM, Texas Instruments, Applied Materials, Global Foundries, etc. followed suit.

ASML's stock price turned green and fell by more than 1%. It had risen by more than 3% before the market opened. According to the Financial Associated Press, ASML announced its second-quarter financial report, and its core indicators exceeded expectations.

In the second quarter, ASML achieved net sales of 9.33 billion euros (8.8 billion euros in the previous quarter), which was expected by Bloomberg analysts to be 8.85 billion euros; operating profit was 3.46 billion euros, and the market expected 3.07 billion euros; net profit was 2.92 billion euros, and the market expected 2.64 billion euros; the gross profit margin was 54%, which was also better than the expected 52%.

(

#Stocks #AMD #Intel #Semiconductors #Earnings #ARM